DigiMax announces signing of seven joint venture agreements to extend DigiMax client services to eight countries.
Toronto, Ontario- (Newsfile Corp. – December 5, 2018) DigiCrypts Blockchain Solutions Inc., now doing business as DigiMax Global Solutions (the “Company” or “DigiMax“) is pleased to announce that it has recently signed Joint Venture Agreements (“JV Partner or Partnerships”) in seven countries that will enable DigiMax and its JV Partners to provide consulting services to companies seeking to issue a Security Token Offering (“STO”) domiciled in any of the seven countries, or Canada where DigiMax can act directly.
In the short term, the JV Partnerships will assist clients in the country of the joint venture to establish their business plans in a manner that makes them suitable to issue STO’s as a form of raising capital. When ready to issue such tokens, the JV Partnership will introduce the client to work directly with a registered Broker/Dealer in their respective country who can assist these clients to raise funds from their STO in a regulatory-compliant manner.
In the medium term (12 to 24 months), each JV Partnership will incorporate a formal separate corporation to be majority-owned and controlled by DigiMax in a manner that requires consolidation accounting as defined under International Financial Reporting Standards, and will be managed day-to-day by the JV Partner in that country. Immediately following incorporation, the new corporation will apply to become a registered Broker/Dealer in that country.
The goal of these Joint Ventures is to build a corporately owned and controlled network of fully registered Broker/Dealers all operating under the DigiMax Capital name around the world, and to also grow the number of signed Joint Venture Agreements in a manner that includes at least one country in all continents around the globe except Antarctica.
While two of the JV Partners are also members of the DigiMax Global Advisory Board, the services of the two groups are different.
The relationship between DigiMax and its Global Advisory Board members is strictly a collaboration effort regarding client referrals and awareness of emerging market issues. No services or professional reliance is demanded from the Global Advisors by DigiMax.
The relationship between DigiMax and its JV Partners is much more client service oriented where reliance will be placed on the JV Partner. As the country JV Partner becomes registered, both the individual JV Partner and individual employees of DigiMax will be expected to become registered individuals in addition to the corporation itself becoming registered.
An biography of each JV Partner can be found on our website at www.digimax.global.
The Joint Venture Partners include:
Hong Kong – Casey Chen
Singapore – Venture Capital Network Pte. Ltd – Janet Lee
South Korea – The Wing Corp. – Minho Kang
Indonesia – Digital Enterprise Indonesia – Bari Arijono
England – Blockchain Ltd. – Ismail Malik
Malta – Silicon Malta Ltd. – Oliver Marco La Rosa
USA West – First Bitcoin Capital LLC – Greg Rubin
DigiMax (legally named DigiCrypts Blockchain Solutions pending a name changed to be approved by Shareholders at the next Shareholder Meeting), is a Toronto, Canada based company designed to become a world leader in advising companies issuing Security Token Offerings (STO’s) on a 100% Regulatory Compliant basis, in any country around the world.
DigiMax is a Reporting Issuer in Ontario, Canada and has filed an application to become listed on the Canadian Securities Exchange (“CSE”).
DigiMax was formed by five partners, three of whom have vast experience in the crypto-currency and ICO industry and two of whom that have more than 40 years of combined experience raising capital through public companies and issuing of common shares. This partnership brings together all of the benefits and expediency of raising capital though security tokens, with a team that has decades of experience raising capital in conventional securities markets. The result is a team that combines expertise from both the token, and the conventional public capital markets world.
President & CEO
Chairman of the Board
VP, Business Development
Telegram: Greg Limon
VP, Global Marketing
Chief Technical Officer
Telegram: Sergey Shilnov
Cautionary Note Regarding Forward-looking Statements
This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding changing the Company’s name, potential conversion of the Convertible Debentures including the Conversion Price determination on listing of the Common Shares, and the Company’s pending application to list its Common Shares on the Canadian Securities Exchange.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the ability to obtain approval to list the Company’s Common Shares on the Canadian Securities Exchange, shareholders approving the change of name to DigiMax, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment.
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